First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Sees Strong Trading Volume

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) saw unusually-high trading volume on Wednesday . Approximately 102,228 shares were traded during mid-day trading, a decline of 26% from the previous session’s volume of 137,528 shares.The stock last traded at $73.14 and had previously closed at $73.86.

First Trust RBA American Industrial Renaissance ETF Price Performance

The stock’s fifty day moving average is $70.23 and its 200-day moving average is $64.99. The stock has a market cap of $1.35 billion, a PE ratio of 23.16 and a beta of 1.25.

First Trust RBA American Industrial Renaissance ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were paid a dividend of $0.0333 per share. This represents a $0.13 annualized dividend and a yield of 0.18%. The ex-dividend date was Thursday, June 27th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AIRR. Pinnacle Bancorp Inc. purchased a new position in First Trust RBA American Industrial Renaissance ETF during the first quarter worth about $27,000. Principal Securities Inc. purchased a new position in First Trust RBA American Industrial Renaissance ETF during the fourth quarter worth about $39,000. Concourse Financial Group Securities Inc. boosted its stake in First Trust RBA American Industrial Renaissance ETF by 80.4% during the second quarter. Concourse Financial Group Securities Inc. now owns 781 shares of the company’s stock worth $53,000 after buying an additional 348 shares during the period. Register Financial Advisors LLC purchased a new position in First Trust RBA American Industrial Renaissance ETF during the second quarter worth about $199,000. Finally, Accel Wealth Management purchased a new position in First Trust RBA American Industrial Renaissance ETF during the second quarter worth about $204,000.

About First Trust RBA American Industrial Renaissance ETF

The First Trust RBA American Industrial RenaissanceTM ETF (AIRR) is an exchange-traded fund that mostly invests in industrials equity. The fund tracks a multifactor-selected index of equities that can benefit from potential regain in market share of US industrial and community banking sector. AIRR was launched on Mar 10, 2014 and is managed by First Trust.